Ali_Haider786

Ali_Haider786 Updated 

If the price of gold remains above 2361 since it is .618 level of the recent down move, it suggests a potential for a long position. Conversely, if it goes below 2357, a short position may be considered. These thresholds serve as critical points for traders to make informed decisions based on market movements and price dynamics. Adhering to these levels can help...

Ali_Haider786 Updated 

If gold maintains its position above 2173, an upward movement is anticipated. However, a break below the .618 Fibonacci level, specifically dropping below 2170, could trigger significant downward momentum. Monitoring these key levels will be crucial for anticipating market direction in the near term. Investors should remain vigilant for potential shifts in gold's...

Ali_Haider786 Updated 

Looks like we have shifted to a short term bearish scenario and therefore we can wait for the price to retrace towards 2161 and then create a short position with SL - 2165 and target as per chart

Ali_Haider786 Updated 

We'll exercise patience as we wait for the price to reach the .618 Fibonacci level at 2161. Once this level is attained, we'll proceed to place a buy side order, with a stop loss set at 2158, aligning with our bullish perspective. This strategy allows us to capitalize on upward market momentum while implementing risk management measures to safeguard our position....

Ali_Haider786 Updated 

We'll exercise patience as we wait for the price to reach the .618 Fibonacci level at 2170 . Once this level is attained, we'll proceed to place a buy side order, with a stop loss set at 2165 , aligning with our bullish perspective. This strategy allows us to capitalize on upward market momentum while implementing risk management measures to safeguard our...

Ali_Haider786 Updated 

We'll exercise patience as we wait for the price to reach the .618 Fibonacci level at 2150 . Once this level is attained, we'll proceed to place a buy side order, with a stop loss set at 2147 , aligning with our bullish perspective. This strategy allows us to capitalize on upward market momentum while implementing risk management measures to safeguard our...

Ali_Haider786 Updated 

looks like we can see a small correction in gold Low risk and high reward trade, if it comes above 2150 again please exit the trade otherwise it can give big target

Ali_Haider786

IMO, we can see a correction of approx 8/5 in HDFC bank in coming days if the price remains below 1635.

Ali_Haider786 Updated 

We can clearly see lower highs formation on the weekly chart of nifty , so if we draw fib from the swing high on daily chart to the swing low, we can see rejection from .382 levels, and as we know if we see rejection from .382 it implies primary trends is much stronger and therefore if nifty doesn't close above 17350, we are in for a sharp fall till 16300 atleast!!